If you’ve done any research about investing you’ve no doubt already learned that there are many different ways you can invest. You could invest in gold, stocks, bonds, or real estate to name just a few.

Clearly some of these investments will be riskier than others. But that’s what investment advisors are for. They can help you invest in ways that optimize returns while minimizing the risk of losses.

What you may not have thought about is that you could also choose to invest without the help and expense of an investment advisor. One way to do this is on your own, but another is through the assistance of a robo-advisor.

Robo-advisors have a lot going for them. In addition, there are a lot of reasons robo-advisors work for investors of any age.

1. Beginning Investors

Beginning investors of any age may not have the experience or confidence to get started. Fortunately, robo-advisors can help.

Start by choosing a few funds to invest in. Then, allow the robo-advisor to manage them for you. Getting started is that simple.

However, experience isn’t the only thing new investors of all ages are short on. Although they may have the desire to invest, they may not have the money.

Once again, robo-advisors can help. If you can find just a few dollars to save each month you can invest through a robo-advisor. Some don’t even have a minimum investment requirement to get started.

2. Investors with Some Experience

As an investor with experience you may find robo-advisors helpful even if you are an older millennial. For example, you may have money to invest but lack time due to family or work commitments.

Time can be a factor, of course, no matter what your age. Robo-advisors can save you time by automating rebalancing, bank transfers to your investment account, and more.

Different features are available depending on the robo-advisor you choose to invest in. Obviously, they are all designed to make investing easy and save you time.

3. Expert Investors

Expert Investors can be any age but even they like the many benefits robo-advisors have to offer. One such benefit is retirement information.

Some robo-advisors will guide you through the process of tailoring your investments to your retirement goals. As an example, they can help you project how much Social Security income you will have access to at retirement.

Another benefit all ages of expert investors agree upon is live support from some robo-advisors. Having help available allows expert investors to ask questions and seek help. This way even highly technical questions can be answered which wouldn’t be possible if you invest on your own.

There will always be some risk associated with investing. Using a robo-advisor won’t change that. However, there are reasons robo-advisors work for investors of any age and they can benefit you too.